The nervousness of investors on Europe’s stock exchanges increased significantly at the beginning of the new week. the dax lost 3.3 percent to 15,082 points by Monday afternoon. The leading German index had already lost almost two percent on Friday due to interest rate fears. The indices of small caps also fell sharply. The M-Dax lost four percent, the S-Dax even slipped 5.5 percent down. “The risk mix of geopolitical tensions, rising oil prices and the prospect of continued high inflation rates and higher interest rates ensured that investors avoid equities,” said analyst Jochen Stanzl from CMC Markets. The looming military conflict between Russia and Ukraine is increasingly becoming a burden for the markets. Investors fled Russian equities fearing Western sanctions in response to tensions with neighboring Ukraine. The RTS index, which includes 50 of the largest listed companies on the Russian stock exchange, lost more than seven percent.
Among the individual stocks, the shares of Delivery Hero stood out negatively. They slipped by 7.2 percent and were at the bottom of the Dax. The titles of the delivery service have been suffering from a sell-off in technology stocks and corona winners for a long time. Hellofresh’s titles were down almost seven percent. In the M-Dax, the Teamviewer paper was the biggest loser with a discount of almost 14 percent. Siemens Energy’s shares continued to suffer from Friday’s profit warning from wind power subsidiary Siemens Gamesa and fell another 6.7 percent. The titles of competitors Vestas and Nordex also continue to slide. Lufthansa also moved into the limelight. According to insiders, the airline is interested in a 40 percent stake in Alitalia’s successor ITA. Lufthansa titles fell 3.2 percent.
The prospect of a merger of its Italian business with that of French rival Iliad gave Vodafone shares their biggest one-day gain in a year. The mobile operator’s shares rose 6.4 percent in London.
Prices on Wall Street also fell. the Dow Jones was down almost two percent shortly after the start of trading.